Jonathan Lane, Gleadell’s Trading Director, comments on the OSR market

Soybeans have traded lower throughout the week, breaking through the uptrend which began in October. The market remains volatile and we feel the risk of further losses are now a real prospect.

The Matif rapeseed futures market has remained within a fairly tight range throughout the week.  The market is quite flat with few new fundamental drivers, crush margins are ok for spot positions and we see limited farmer selling in Europe.  In the UK farmers have continued to sell seed at around the £250/t ex-farm mark, with sterling weakness aiding UK prices. We see trade shorts dominating the spot positions and price action has been flat with no clear direction.